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Fibonacci Stock Trading - How to Surf the Forex Currents
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Like many of you, I've tried all sorts of ways to get ahead. But it wasn't until a friend of mine, Jeff, showed me how to trade on the Forex that I really starting having something to show for my efforts.

I'm talking about a new system called "Fibonacci numbers." Of course, it's not the sequence itself that's new; Fibonacci died in 1250 AD, after all, and his "golden ratio" has been well-documented in various facets of both human and Mother nature. But recently, savvy investors have started applying lessons from the Fibonacci sequence to trends in the market - and they're getting uncanny results!

By using multiples of the golden ratio (which translates to .618), I was able to take a timeline of past currency performance and estimate what a particular currency pair would do in the future. (When it comes to the Foreign Exchange, the most commonly applied multiples of the golden ratio are 50% and 61.8%. Remember these two numbers.)

I usually begin my analysis by retracing a currency pair from it's most recent peak back to it's beginning. The larger the sample the better, but any large chunk of time is okay. I then mark the highest peak within my sample; this is 100%. (The lowest point is 0 %.) It's an easy step from there to find the values for those numbers that I mentioned above. Those values can then be used to plot future trends.

I'm no math whiz, but I made over $1000 off my first $100. I've been conservative with my investing, but even so I'm up to almost $20,000 in the six months since. And I owe it all to the Fibonacci sequence.

If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.

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Article Source: http://EzineArticles.com/?expert=A._Daily

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This article has been viewed 32 time(s).
Article Submitted On: January 22, 2009



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